Assessment: There’s scarcely a place in the modern world that will not be feeling the high cost and discomfort of a shortage of energy supplies and their increasingly soaring prices.
Lebanon already is. Due to a shortage of oil, the two power plants that supply 40% of that country’s electricity shut down. There is no electricity in Lebanon and will not be any for some days.
It’s an extreme case, but even the United Kingdom, the EU, the U.S., and China are running up against diminishing ability to obtain the necessary energy supplies to keep things running smoothly.
“Behold, I have created the smith that bloweth the coals in the fire, and that bringeth forth an instrument for his work; and I have created the waster to destroy.” Isaiah 54:16 KJV
Some of the shortages are due to accidents, like the cutting of an undersea cable to the UK, but most are due to green policies and stupid political choices, ironically shutting down oil and gas-fired power plants and fossil fuel exploitation and transport at the demand of the greens, who grossly overestimate both global warming and the ability of air, sun and water to take their place.
Ironically, this means coal — the dirtiest possible fuel — is back in huge demand
Despite an import ban on Australian coal, China relented and has begun unloading Australian coal because of an extreme power crunch. Coal is now in demand in Europe as gas prices soar and the EU’s energy policies are in large responsible Read More @ Zero Hedge HERE